RBI, Sri Lankan central bank agree on $1.5 billion currency
swap deal
Reserve Bank of India has agreed for a $1.5 billion currency swap
agreement with the Sri Lankan central bank to help the island nation keep its
currency stable, At the current valuation, one Indian rupee is equivalent
to 2.12 Sri Lankan Rupee. It has lost almost three per cent value in comparison
to the Indian rupee so far in 2015.
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